Life Energy Framework
Money = Life Energy
The Life Energy Framework is based on the idea that money is a form of life energy. It suggests that individuals should prioritize their use of time and money to achieve financial independence and a better quality of life. The framework involves tracking one's expenses and time usage to understand the true cost of one's job and lifestyle.
- Money is a form of life energy
- Time is a limited resource that should be used wisely
- Financial independence is achievable through careful planning and management of one's resources
- Calculate Your Real Hourly WageCalculate the true cost of your job by considering all the expenses and time usage associated with it, including commuting, costuming, meals, and daily decompression.Pro tipBe prepared to discover hidden costs and expenses that you may not have considered beforeWarningThis step may require a significant amount of time and effort to track and calculate your expenses and time usage
- Track Your Life EnergyKeep track of every cent that comes into or goes out of your life, and monitor how you spend your time and energy.Pro tipUse a spreadsheet or budgeting app to make it easier to track your expenses and time usageWarningThis step may require a significant amount of discipline and commitment to maintain accurate records
A person who earns $50,000 per year and works 40 hours per week may think they earn $25 per hour. However, after calculating all the expenses and time usage associated with their job, they may discover that their real hourly wage is actually $15 per hour.
The Life Energy Framework was developed by Vicki Robin and Joe Dominguez, the authors of the book 'Your Money or Your Life'. The framework is based on their own experiences and research on financial independence and simple living.